Obamacare for business

About Affordable Care Act or Obamacare

On March 23, 2010, President Barack Obama signed the Health Care reform bill, also known as the Patient Protection & Affordable Care Act (PPACA or ACA), into law. The ACA has made sweeping changes to the U.S. health care system and how individuals receive access and coverage for medical care. Many of the ACA’s health care reforms are primarily focused on reducing the uninsured population and decreasing insurance and health care costs. The law consists of a number of provisions and mandates that affect US citizens and residents alike.

You may have noticed some discussion going on in the media regarding the Affordable Care Act also known as Obamacare.

With the changes of the U.S. Administration have come modifications of the ACA law. At this point, it is unknown what those new requirements will entail, even though the new administration has signaled that certain provisions of the Act might be retained. During his first day in office, President Trump issued and signed an Executive Order that allows certain relief of provisions of the ACA in order to prevent the rising costs of insurance from going up. These changes will only happen if approved by the proper government offices. These changes do not apply to anyone individually nor are the changes immediate but it is important we understand they are imminent. While the Executive Order does address parts of the Individual Mandate, it does not eliminate the mandate for Obamacare (ACA).

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